Daily iron ore price update (Ukraine bid)

David Llewellyn-Smith

Thursday 27 January 2022

The ferrous complex is reaching into the higher airs as the Ukraine bid charges the market:

There is nothing to support this fundamentally, as we see in steel lagging. Chinese property continues to deteriorate:

Property sales are terrible. Down 30% on the year along with starts. Funding for developers shows no turn at all:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.